New Delhi: Indian indices closed lower on Thursday with the Sensex down 151.48 points to 82,201.16 at market closing and Nifty declining 53.60 points to 25,145.10. Indian indices may factor in better than expected services activity in the US economy, as well as indications of a delay in production hike by OPEC+ on Friday. Oil prices may also be affected by Russian President Vladimir Putin’s assertion that he had never refused peace talks with his Ukrainian counterpart. Here are stocks that are likely to remain in focus on Friday, September 6, 2024:
Adani Group: The group is planning to set up a unit in Kenya with an eye on the aviation sector.
Ashoka Buildcon: The infrastructure company’s unit Viva Highways sold land in Pune worth RS 453 crore.
EaseMyTrip: The travel booking platform revealed plans to manufacture EV buses, adding that investors had shown interest in the proposal.
Godfrey Phillips: The Delhi High Court refused to restrain Bian Modi’s participation in her reappointment on behalf of K Modi, CNBCTV18 reported.
Indigo Paints: Stakeholder sPeak Partners are likley to offload an 11 per cent stake in the company through block deals, CNBCTV18 reported, citing people aware of the developments.
Insurance stocks: Insurance regulator IRDAI said it had consolidated 40 circulars into one master circular for a smoother claims settlement and service standards.
KEC International: The infrastructure company said it had received new orders to the tune of Rs 1,423 crore to aid the supply and installation of transmission lines of 380 kV capacity in Saudi Arabia.
Max Financial Services: The company’s promoters sold stocks equalling 3.18 per cent for a consideration of Rs 1,218 crore in the open market.
Nazara Tech: The company inked an agreement with the Telangana government to set up its AI centre of excellence.
Nucleus Software Exports: The company announced a share buyback programme for 4.48 lakh shares worth Rs 72.4 crore during September 9-13.
Oil companies: Oil marketing companies may be in focus after OPEC+ revealed plans on Thursday to halt its hike in oil production for the coming 2 months.
Pidilite: The adhesive maker secured an exclusive distributorship agreement with CollTech Group, a maker of high-performance adhesives and solutions for heat management.
Reliance Group: The conglomerate’s board agreed to the issuance of bonus shares in the 1:1 ratio by Diwali this year.
Rama Steel Tubes: The company’s stock will remain in focus after it hit the upper circuit on Thursday after announcing a strategic partnership with Onix Renewable for providing support to solar projects going forward.
Rashtriya Chemicals and Fertilisers: The company announced plans to raise funds worth Rs 1,400 crore through the issuance of non-convertible debentures.
Venus Pipes: The Directorate of revenue Intelligence searched the offices of Venus Pipes on Thursday in a case of alleged evasion of import duty.
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Stocks in News Today: From Adani Group to EaseMyTrip, here are stocks that are likely to remain in focus on Friday, September 6, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
